Evaluating Palmeron’s blues in the OML 130 drilling campaign tender By Oluwaseun Adeoti The Nigeria’s oil and gas industry is witnessing some kind of disquiet stemming from procurement process in the award of contract for the provision of drillship for TOTAL E&P OML 130 Drilling Campaign TENDER NO DW00001997. Mr Christopher Palmer, the Chief…
Oil Prices Raise over $2 on Drawdown in U.S. Crude Stocks Oil prices rose by more than $2 on Wednesday after data showed a larger-than-expected draw in U.S. crude stockpiles, but gains were capped by a snowstorm that is expected to hit U.S. travel. Brent crude futures for February delivery were up by $2.23, or…
NEPZA, FTZs’ Stakeholders Task FG on Private Sector-Led Infrastructure for Lekki Corridor The Nigeria Export Processing Zones Authority, NEPZA, and a cross section of Free Trade Zones’ stakeholders have said the Federal Government would conserve huge resources if it allowed the private sector to drive the development of logistics infrastructure for the Lekki business corridor….
Wike Blames Oil Theft on Poor Welfare for Fallen Heroes Rivers State governor, Nyesom Ezenwo Wike says security agencies aide oil theft and illegal oil bunkering business unabashedly in the country because there is no standing welfare funds for legionnaires. To this end, the governor has charged the federal government should set up a standing…
NCDMB Marks Year-End, Rewards Staff for Long Service It was a night of colour and revelry at the Nigerian Content Towers, Yenagoa, Corporate Headquarters of Nigerian Content Development and Monitoring Board (NCDMB), as Management, staff and guests rollicked and carolled to close the year 2022. All attired in white, with few exceptions among guests, the…
OPEC+ Leaves Politics out of Decisions, Saudi Energy Minister Says OPEC+ members leave politics out of the decision-making process and out of their assessments and forecasting, Saudi energy minister Prince Abdulaziz bin Salman said in an interview with the Saudi state news agency on Tuesday. The minister added that the OPEC+ decision to cut oil…
Court Dismisses NLNG Objections in N1bn Claims Case by Macobarb The State High Court sitting in Port Harcourt, Rivers State has dismissed the preliminary objections filed by the Nigeria LNG Limited in a case filed by one of its contractors, Macobarb International Limited. The court in suit number PHC/2013/CS/2022 also slammed N200,000 against the Nigeria…
Nigeria Companies Use Barite for Industrial Production- Ginah Answering questions from journalists at the side line of the one-day capacity building workshop for journalists in Lagos with the theme: Enhancing Media Competencies to Support Nigerian Content in a Gas Economy, organized by the Nigerian Content Development and Monitoring Board (NCDMB), Dr. Ginah O. Ginah, General…
IPPG Commends NCDMB for Pragmatic Implementation of NOGICD Act The Independent Petroleum Producers Group (IPPG), has commended the Nigerian Content Development and Monitoring Board (NCDMB) for being pragmatic in the implementation of Nigerian content. The Chairman of IPPG, Abdulrazaq Isa gave the commendation on Tuesday at the 2022 Practical Nigerian Content (PNC), currently ongoing in…
Seplat Energy, C4C Youth Entrepreneurship Programme Empowers 22 Small Businesses Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, in partnership with Conversations for Change (C4C) has empowered a total of 22 entrepreneurs from the duo’s Youth Entrepreneurship Programme. The event had the entrepreneurs unveil their business plans…